NEW VILLAGE CORPORATION

EIN: 341653986 501(c)(3) Community Improvement

CLEVELAND, OH

Total Revenue
$7,203,569
Total Expenses
$2,761,252
Total Assets
$21,685,616
Net Assets
$10,776,986
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
OH
Principal Officer
MELODIE SANDERS
Phone
2162388712
Tax Period
2022-07-01 to 2023-06-30

NEW VILLAGE CORPORATION, founded in 1990, is a community nonprofit in the Community Improvement sector that reported $7.2M in total revenue in fiscal year 2022. Revenue surged 1260% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.4M, a strong 62% operating margin.

Mission

NON-PROFIT DEVELOPER SPECIALIZING IN CHALLENGING PROJECTS IN URBAN ENVIRONMENTS WHICH SPURS ADDITIONAL PRIVATE INVESTMENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $4,824,280
Program Service Revenue $405,642
Investment Income $6,843
Other Revenue $1,966,804
TOTAL REVENUE $7,203,569

Expense Breakdown

Grants Paid $0
Salaries & Benefits $173,700
Fundraising Expenses $0
Program Expenses $2,521,892
Other Expenses $2,587,552
TOTAL EXPENSES $2,761,252

Year-over-Year Comparison

2022 2021 Change
Revenue $7,203,569 $529,797 +12.6%
Expenses $2,761,252 $564,898 +3.9%
Net Income $4,442,317 $-35,101 -127.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
7
Employees
N/A
Volunteers
8

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$299,645
Total Directors
8
$230,452
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TANIA MENESSE VICE CHAIRPERSON 1.00
Officer Director
$0 $11,734 $230,452
ISABEL DEROBERTS TRUSTEE 1.00
Director
$0 $0 $0
AUGUST FLUKER TREASURER 1.00
Officer Director
$0 $0 $0
DORIVETTE NOLAN SECRETARY 1.00
Officer Director
$0 $0 $0
JASON RUSSELL TRUSTEE 1.00
Director
$0 $0 $0
SEAN MCDERMOTT CHAIR 1.00
Officer Director
$0 $0 $0
LISA MCGOVERN TRUSTEE 1.00
Director
$0 $0 $0
JASON PHILLIPS TRUSTEE 1.00
Director
$0 $0 $0
MELODIE SANDERS SR. VP OF FINANCE / CFO 9.00
Officer
$0 $65 $7,280
BRIANA PERRY PRESIDENT 9.00
Officer
$0 $6,280 $61,913
LINDA WARREN THRU OCT 2022 PRESIDENT 9.00
$0 $4,451 $132,276
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $7,203,569 $2,761,252 $21,685,616 $4,442,317
2022 $529,797 $564,898 $7,440,000 $-35,101
2021 $-14,297,369 $1,682,541 $7,428,563 $-15,979,910
2020 $227,521 $704,766 $8,412,008 $-477,245
2019 $1,571,772 $928,527 $8,737,812 $643,245
2018 $1,071,110 $561,417 $8,067,797 $509,693
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